Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) – Cormark cut their FY2017 EPS estimates for shares of Pembina Pipeline Corp. in a research report issued on Thursday. Cormark analyst B. Watson now forecasts that the pipeline company will post earnings per share of $1.51 for the year, down from their previous estimate of $1.63. Cormark also issued estimates for Pembina Pipeline Corp.’s Q1 2018 earnings at $0.55 EPS, Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.55 EPS and FY2018 earnings at $2.21 EPS.

Several other equities analysts also recently commented on PBA. Zacks Investment Research downgraded Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub downgraded Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, AltaCorp Capital restated an “outperform” rating on shares of Pembina Pipeline Corp. in a research report on Wednesday, May 3rd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $43.50.

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Pembina Pipeline Corp. (PBA) opened at 33.33 on Monday. Pembina Pipeline Corp. has a 52 week low of $27.44 and a 52 week high of $34.97. The company has a market capitalization of $13.43 billion, a P/E ratio of 32.81 and a beta of 0.71. The company’s 50-day moving average price is $33.40 and its 200-day moving average price is $32.39.

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings data on Tuesday, August 1st. The pipeline company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.08. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.36 billion. Pembina Pipeline Corp. had a return on equity of 8.59% and a net margin of 12.12%. Pembina Pipeline Corp.’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.25 earnings per share.

A number of large investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its stake in Pembina Pipeline Corp. by 18.0% in the first quarter. Van ECK Associates Corp now owns 3,405 shares of the pipeline company’s stock worth $108,000 after buying an additional 520 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Pembina Pipeline Corp. by 9.7% in the first quarter. Envestnet Asset Management Inc. now owns 3,801 shares of the pipeline company’s stock valued at $120,000 after buying an additional 335 shares during the period. Huntington National Bank boosted its stake in Pembina Pipeline Corp. by 7.6% in the first quarter. Huntington National Bank now owns 4,803 shares of the pipeline company’s stock valued at $152,000 after buying an additional 341 shares during the period. K.J. Harrison & Partners Inc purchased a new stake in Pembina Pipeline Corp. during the second quarter valued at approximately $202,000. Finally, Check Capital Management Inc. CA purchased a new stake in Pembina Pipeline Corp. during the first quarter valued at approximately $219,000. 46.73% of the stock is owned by hedge funds and other institutional investors.

The firm also recently declared a aug 17 dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a yield of 4.85%. Pembina Pipeline Corp.’s dividend payout ratio is 161.86%.

Pembina Pipeline Corp. Company Profile

Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.

Earnings History and Estimates for Pembina Pipeline Corp. (NYSE:PBA)

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